
Second Round PPP Loans
Both first-time borrowers and second-time borrowers may now apply for a loan from the Paycheck Protection Program (“PPP”)
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Asset Protection Planning for Vulnerable Professionals
Professionals are in an especially vulnerable position because New York law prohibits them from using an entity to shield liability for their own malpractice. This policy makes accountants, lawyers, doctors, architects, engineers, and other licensed practitioners prime targets for plaintiffs’ counsel. One wrong move could spell liability in excess of insurance limits, leading to seizure of personal assets and future income. With this existential peril looming over their heads, what should professionals do to protect themselves? This article describes some strategies that can help and considerations when implementing them.
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FRB Partner Matthew Rappaport Featured in The Real Deal
FRB Partner Matthew E. Rappaport, Esq., LL.M. was featured in The Real Deal regarding recent IRS guidance on 1031 swaps. “This notice is a stop-gap notice, is the way I see it,” Rappaport said. “This crisis is not over. This is not the last round of extension guidance the IRS is going to come out with.”
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